Snider Financial Group Buys 1,770 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Snider Financial Group boosted its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 22.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,488 shares of the company's stock after acquiring an additional 1,770 shares during the quarter. Snider Financial Group's holdings in CrowdStrike were worth $2,661,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its position in CrowdStrike by 17,926.3% during the third quarter. International Assets Investment Management LLC now owns 925,831 shares of the company's stock valued at $259,668,000 after purchasing an additional 920,695 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of CrowdStrike by 47.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company's stock valued at $671,828,000 after buying an additional 564,662 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of CrowdStrike by 619.0% in the 1st quarter. Acadian Asset Management LLC now owns 554,876 shares of the company's stock valued at $177,865,000 after buying an additional 477,706 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in CrowdStrike by 248.6% in the third quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company's stock worth $146,180,000 after buying an additional 371,695 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in CrowdStrike by 2.0% during the first quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company's stock valued at $5,149,124,000 after acquiring an additional 315,280 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

CrowdStrike Price Performance

Shares of CRWD traded down $3.52 on Thursday, hitting $344.36. The company's stock had a trading volume of 2,578,059 shares, compared to its average volume of 5,031,151. The company has a 50 day moving average price of $294.23 and a 200 day moving average price of $309.66. CrowdStrike Holdings, Inc. has a fifty-two week low of $198.86 and a fifty-two week high of $398.33. The company has a market capitalization of $84.41 billion, a PE ratio of 505.57, a PEG ratio of 23.22 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.97 by $0.07. The company had revenue of $963.87 million for the quarter, compared to analysts' expectations of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business's revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.06 earnings per share. On average, research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on CRWD shares. Citigroup dropped their price target on shares of CrowdStrike from $345.00 to $300.00 and set a "buy" rating on the stock in a research note on Wednesday, August 14th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $325.00 price target on shares of CrowdStrike in a research report on Thursday, September 19th. Morgan Stanley reissued an "overweight" rating and set a $325.00 price objective on shares of CrowdStrike in a report on Monday, September 9th. Wedbush set a $330.00 target price on CrowdStrike in a research report on Thursday, October 17th. Finally, Susquehanna reissued a "positive" rating and issued a $310.00 price target on shares of CrowdStrike in a research report on Thursday, September 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $328.74.

Insiders Place Their Bets

In other news, CEO George Kurtz sold 55,325 shares of CrowdStrike stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the completion of the sale, the chief executive officer now owns 1,109,746 shares in the company, valued at $329,172,858.52. The trade was a 4.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Shawn Henry sold 4,500 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the completion of the transaction, the insider now owns 174,591 shares in the company, valued at $45,521,111.43. This represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 104,248 shares of company stock valued at $31,103,350. Insiders own 4.34% of the company's stock.

About CrowdStrike

CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.